UPDATE: BMO Capital Upgrades Williams Partners LP (WPZ) to Outperform
Get Alerts WPZ Hot Sheet
Rating Summary:
14 Buy, 9 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 14
Join SI Premium – FREE
BMO Capital upgraded Williams Partners LP (NYSE: WPZ) from Market Perform to Outperform with a price target of $47.00 (from $44.00).
Analyst Danilo Juvane comments "WPZ offers a high-graded business with 97% (pro-forma) cash flows coming from fee-based or take-or-pay contracts; high visibility to long-term gas-driven organic growth; and competitive distribution growth accompanied by solid coverage and debt metrics. All of this at a significant valuation discount to IDR-less peer MLPs."
For an analyst ratings summary and ratings history on Williams Partners LP click here. For more ratings news on Williams Partners LP click here.
Shares of Williams Partners LP closed at $39.34 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Citi Upgrades United Microelectronics Corp (2303:TT) (UMC) to Buy 'with limited downside'
- Bernstein SocGen Group Upgrades CapCom Co Ltd. (9697:JP) (CCOEY) to Outperform
- UBS Downgrades Hino Motors Ltd. (7205:JP) (HINOY) to Neutral
Create E-mail Alert Related Categories
Analyst Comments, Analyst PT Change, UpgradesRelated Entities
BMO CapitalSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!